Multifamily
329 West Magnolia Street
329 W Magnolia St, Compton, CA 90220
Listing Price: $1,650,000
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale an 8-unit apartment community located at 329 W Magnolia Street. The property is situated west of Alameda Street and south of Rosecrans Avenue.
Located in Downtown Compton, the asset sits in close proximity to the Compton Courthouse and Compton Airport, providing convenient access to a wide range of employment opportunities. Additionally, 329 W Magnolia Street is near various local retail and dining options, making it a desirable location for tenants.
Situated on a 7,132-square-foot parcel, the property consists of four one-bedroom units and four two-bedroom units. It offers on-site parking for every unit, along with additional space that may allow for potential ADU development (buyer to verify).
329 W Magnolia Street offers investors the opportunity to acquire an asset in a sought-after working-class market of Compton. The continued revitalization of the surrounding area, combined with the property’s value-add potential through interior renovations, positions this asset as an excellent acquisition opportunity.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
329 West Magnolia Street
Investment Highlights
- The property is well managed by the current ownership and produces a healthy 6.70% cap rate
- The property provides dedicated parking for every unit, offering convenience and strong tenant appeal
- Located in close proximity to Downtown Compton, Compton Airport, grocery stores, gyms, and a wide range of employment opportunities throughout Compton and Southeast LA County
- The property is being offered with a seller financing option, providing buyers with the ability to secure favorable terms for acquiring the asset
- An on-site leasing office provides a more straightforward opportunity for conversion into a revenue-generating unit or storage, offering immediate upside through repurposing existing space –Buyer to verify
- New ownership may add detached Accessory Dwelling Units (ADUs) on excess land, creating additional income and long-term appreciation potential –Buyer to verify
Exclusively Listed By
Financing By
Listing Price: $1,650,000
Investment Highlights
- The property is well managed by the current ownership and produces a healthy 6.70% cap rate
- The property provides dedicated parking for every unit, offering convenience and strong tenant appeal
- Located in close proximity to Downtown Compton, Compton Airport, grocery stores, gyms, and a wide range of employment opportunities throughout Compton and Southeast LA County
- The property is being offered with a seller financing option, providing buyers with the ability to secure favorable terms for acquiring the asset
- An on-site leasing office provides a more straightforward opportunity for conversion into a revenue-generating unit or storage, offering immediate upside through repurposing existing space –Buyer to verify
- New ownership may add detached Accessory Dwelling Units (ADUs) on excess land, creating additional income and long-term appreciation potential –Buyer to verify
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale an 8-unit apartment community located at 329 W Magnolia Street. The property is situated west of Alameda Street and south of Rosecrans Avenue. Located in Downtown Compton, the asset sits in close proximity to the Compton Courthouse and Compton Airport, providing convenient access to a wide range of employment opportunities. Additionally, 329 W Magnolia Street is near various local retail and dining options, making it a desirable location for tenants. Situated on a 7,132-square-foot parcel, the property consists of four one-bedroom units and four two-bedroom units. It offers on-site parking for every unit, along with additional space that may allow for potential ADU development (buyer to verify). 329 W Magnolia Street offers investors the opportunity to acquire an asset in a sought-after working-class market of Compton. The continued revitalization of the surrounding area, combined with the property’s value-add potential through interior renovations, positions this asset as an excellent acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Exclusively Listed By
Financing By
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